openPR Logo
Press release

Impact of COVID-19: Commercial Avionics Systems Market Growth, Demand, Trends, Region Wise Analysis of Top Players and Forecasts 2026

07-31-2020 01:48 PM CET | Logistics & Transport

Press release from: Allied Market Research

Commercial Avionics Systems Market

Commercial Avionics Systems Market

The commercial avionics systems market was valued at $16 billion in 2014 and is projected to reach $26 billion by 2022, growing at a CAGR of 7.1% from 2016 to 2022. A surge in the number of aircraft deliveries, increasing demand for real-time data, economic growth in emerging countries, and increasing demand for in-flight entertainment (IFE) services are expected to drive the growth of the global commercial avionics systems market. However, factors such as vulnerability to cyber attacks and high costs involved are expected to hamper the market growth during the forecast period. The growth of low-cost carriers in emerging economies is expected to provide lucrative opportunities for the commercial avionics systems market growth.

Download a Sample copy of Report: https://www.alliedmarketresearch.com/request-sample/2150

In 2015, the communication, navigation, & surveillance (NYSE:CNS) sub-system accounted for the maximum revenue share among the sub-system types in the commercial avionics systems market. This is due to the increasing demand for real-time data in the aviation industry. In addition, the health monitoring systems are expected to witness the fastest growth over the forecast period. Among the types of aircraft, the wide-body aircraft dominated the global commercial avionics systems market in 2015. However, the narrow-body aircraft are expected to grow at the fastest pace over the forecast period.

The Asia-Pacific commercial avionics systems market is estimated to grow at the highest rate due to increasing requirements of aircraft from the aviation industry and increased government initiatives.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2150

Driving factors for the market
1. Surge in number of aircraft deliveries
2. Increasing demand for real-time data
3. Economic growth in emerging economies
4. Increasing demand for in-flight entertainment (IFE) services

Market Restraints and Opportunities:
1. Vulnerability to cyber attacks
2. High costs involved
3. Growth of low cost carriers (LCC) in emerging economies
4. Increasing investments in NextGen avionics
5. Improvement in commercial aviation network
6. Government initiatives

More Information on this Report Customization @ https://www.alliedmarketresearch.com/request-for-customization/2150

Key Market Players Profiled
* United Technologies Corporation
* Thales Group
* GE Aviation
* Garmin Ltd.
* Rockwell Collins
* Honeywell International Inc.
* L-3 Communications Holdings, Inc.
* Panasonic Avionics Corporation
* Universal Avionics Systems Corporation
* Teledyne Technologies, Inc.

Other Companies Mentioned in the Report
* Airbus Group SE
* The Boeing Company
* Dassault Aviation
* United Aircraft Corporation
* Aviage Systems
* Aviation Industry Corporation of China
* General Electric Company
* BAE Systems Australia
* Tigerair Australia
* Mauritania Airlines
* Avianca, Columbia
* VARIG, Brazil
* Emirates
* Etihad Airways

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impact of COVID-19: Commercial Avionics Systems Market Growth, Demand, Trends, Region Wise Analysis of Top Players and Forecasts 2026 here

News-ID: 2100886 • Views: 187

More Releases from Allied Market Research

Chlorine Dioxide Market Statistics 2026: Major Factors that can Increase the Glo …
Allied Market Research published a new report, titled, "Chlorine Dioxide Market". The report has offered an all-inclusive analysis of the global market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth. The chlorine
(PDF) Water Soluble Fertilizers Market Latest Development Trends, Key Manufactur …
Allied Market Research published a new report, titled, "World Water Soluble Fertilizers Market - Opportunities and Forecasts, 2020-2027." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to
World Smart Coating Market: Computing Market Analysis, Regional Analysis 2021-20 …
Allied Market Research published an exclusive report, titled, “World Smart Coating Market – Opportunities and Forecasts, 2021-2028”. The World Smart Coating market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market developments, key market players, and decisive trends. The study begins with a detailed analysis of major determinants of the market such as drivers, challenges, restraints, and upcoming opportunities. Download Sample Report (Get Full
World Geotextile Market Market: Competition, Opportunities and Challenges 2021-2 …
Allied Market Research published an exclusive report, titled, “World Geotextile Market - Opportunities and Forecasts, 2021-2028”. The World Geotextile market report offers an in-depth analysis of every crucial factor that affects the market growth including recent market developments, key market players, and decisive trends. The study begins with a detailed analysis of major determinants of the market such as drivers, challenges, restraints, and upcoming opportunities. Download Sample Report (Get Full Insights

All 5 Releases


More Releases for Avionics

Commercial Avionics Systems Market 2024 | Rockwell Collins, Inc., Honeywell Aero …
Avionics systems are electronics that are fitted in an aircraft for streamlining its operational functions. The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft’s operational efficiency. Additionally,
Commercial Avionics Systems Market 2021 | Rockwell Collins, Inc., Honeywell Aero …
Avionics systems are electronics that are fitted in an aircraft for streamlining its operational functions. The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft’s operational efficiency. Additionally,
Commercial Avionics Systems Market 2021 | Rockwell Collins, Inc., Honeywell Aero …
Avionics systems are electronics that are fitted in an aircraft for streamlining its operational functions. The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft’s operational efficiency. Additionally,
Commercial Avionics Systems Market 2024 | Rockwell Collins, Inc., Honeywell Aero …
Avionics systems are electronics that are fitted in an aircraft for streamlining its operational functions. The growth in global air traffic owing to the increasing business and leisure in various countries across the globe is positively influencing the market for commercial avionics systems in the aviation industry. The global market for commercial avionics systems is chiefly driven by increasing need for real time data to improve aircraft’s operational efficiency. Additionally,
Global Airborne Collision Avoidance System Market 2018: Market Players Like Hone …
Global Airborne Collision Avoidance System Market 2018-2023: Regulatory mandates for the installation of ACAS II, rise in the number of UAVs in the commercial airspace, rise in the number of aircraft deliveries are some of the major factors driving the airborne collision avoidance system market. The prime objective of Global Airborne Collision Avoidance System Market report is to help the user understand the market in terms of its definition,
Commercial Avionics Systems Market Growth by Key Players Panasonic Avionics, Cob …
The Global Commercial Avionics Systems Market research report conveys an essential review of the market including its definition, applications and technology. The report investigates the international major players in detail. The market report gives key insights and existing status of the manufacturers and is an important source of direction and heading for companies and people inspired by the Industry. The report presents a complete assessment of the market and contains